Grayscale is all set to launch a raft of new products
If freshly unearthed filings are true, then Grayscale Investments will launch a variety of products including the Chainlink Trust. As per the State of Delaware’s Division of Corporations, someone initiated a Grayscale Chainlink Trust on December 18, 2020. On the same day, Basic Attention Token (BAT) Trust, Decentraland (MANA) Trust, Livepeer (LPT) Trust, and a Tezos (XTZ) Trust were also launched.
Grayscale Investments is yet to confirm it has the role in the filings. Some of the reports have raised doubts about their legitimacy as the registered agent is listed as ‘Delaware Trust Company’ and not Grayscale. But, the Delaware Trust Company is listed on the Grayscale website as its Official Service Provider and the same details were utilized for the Grayscale Bitcoin Trust filing in 2013.
Trusts are yet to be launched. In October, a Filecoin (FIL) Trust was created, and it is yet to be made public. Adding to this uncertainty, Grayscale CEO and founder Barry Silbert was replaced by Michael Sonnenshein. But it is still unclear whether Sonnenshein will continue Silbert’s strategy or will he take the firm in a new direction. Grayscale’s last filing was made with the Stellar Lumens (XLM) Trust in October 2018.
This Trust was made public after six weeks of its inception. The majority of Grayscale’s digital-asset trusts are usually made public within days of the legal forming date mentioned on Delaware’s Corporate Filing website. The vocal Chainlink army raised their support on Twitter for the filing, predicting its effect on the token price.
A Twitter user with the name “Bitcoin Collector” mentioned that, “We all know how much purchasing power Grayscale has,” he also added that the news is not yet confirmed. Chainlink passed Bitcoin Cash to be the eighth-biggest cryptocurrency with a market cap of more than $9 billion and an all-time high price of $23.30. Since then it has dropped back to ninth place, losing $2.3 billion in value over four days to $17.8.
